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 | | Link To: Union Monthly Plus |
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| LOAN AGAINST RECEIPT OF WAREHOUSE/COLD STORAGE(FOR TRADERS/ PROCESSORS/ARTHIYAS) |
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| Objective |
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Purchase of Raw materials for Food & Agro Processing Industries during harvesting season when commodity prices are low.
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| Quantum of Loan |
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Up to 60-75 % of the value of commodity
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| Eligibility |
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Food and Agro based processing unit using agriculture commodities as raw material, Proprietorship concerns/partnership firms/ corporate/individuals trading in agricultural commodity and Arthiyas in rural and semi urban areas.
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| Approved warehouses: |
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| Centralware housing corporation(CWC), state warehousing corporation(SWC) and other godowns managed by the Collateral Management Agencies (CMA) |
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| Security |
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| Pledge of warehouse Receipts of approved warehouses. |
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| Margin |
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| COMMODITIES APPROVED |
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| Wheat, Rice (Common), Rice (Fine), Paddy (Common), Paddy (Fine), Paddy(Super Fine/Basmati), Soyabean, Cotton Bales-Medium Staple, Cotton bales-Long Staple, Rubber, Sesame seed, Castor seed |
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| Masur, Masur dal, Maize, Gram, Chana dal, Cotton Seed, Tur, Tur dal, Urad, Moong, Groundnut Seed (Kernels), Ground nut in shell, Black pepper, Mustard, Sunflower, Jaggery, Guar seed, Guar gum, Cotton seed oilcake, Ground nut oilcake, Mustard oil cake, Soya oilcake, Yellow peas, Bajra, Jowar, Jeera, Jute |
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| Turmeric, Lin seed (Alsi), Chillies, Ajwain, Psyllium(Isabgul), Methi Seeds,Tamarind |
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| Potato, Coriander |
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| Documents |
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| DPN, Pledge agreement, declaration by borrowers and letter of continuity once obtained valid for 3 years. Warehouse receipt endorsed in favour of Bank |
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| Repayment |
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| Each drawl has to be repaid within 10 months. Although it is advisable to get the drawls adjusted before arrival of new crop |
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| Rate of Interest & Processing Charges: |
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Please click here to know our latest rate of interest
Please click here to know our latest processing charges |
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| 1. Who can avail this Scheme? |
- Food & Agro based processing units using agricultural commodities as raw materials.
- Proprietorship concerns/partnership firms/ corporate/individuals trading in agricultural commodity
- Arthiyas in rural and semi urban areas.
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| 2. How the value of the crop will be determined? |
| Value of the commodity will be lower of the following-
1) Value of commodities based on the prices from the nearest government approved mandi(APMC) on the date of disbursement.
2) Price cap of the commodity fixed by bank.
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| Product Testimonial |
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| Quick Links |
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 | | Link To: Union White Card |
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